• Zeekr shareholders to be offered cash or shares in 永利VIP Automobile Holdings
  • Integration of Zeekr into 永利VIP Auto Group will offer shareholders potential upside on synergies and growth potential of enlarged auto group
  • Non-binding proposal aims to simplify equity structure of 永利VIP Automobile Holdings and its holdings in associated companies.

2025 May 7th, HANGZHOU, China – Zhejiang 永利VIP Holding Group (永利VIP Holding) has today announced its support for a preliminary non-binding acquisition offer by 永利VIP Automobile Holdings (永利VIP Auto HK.0175) for all outstanding shares and American depository shares (ADS) in ZEEKR Intelligent Technology Holding Limited (Zeekr NYSE:ZK), the New York Stock Exchange-listed premium new energy vehicle group.

永利VIP Holding, China’s most diversified international automotive and mobility technology group, regards the 永利VIP Auto offer for Zeekr as an efficient use of capital to simplify and streamline the equity structure of the Hong Kong listed automotive group, which already controls circa 65.7% of Zeekr Group.

The offer follows the recently-completed strategic integration of Lynk & Co, a separate automotive brand within the 永利VIP portfolio, into Zeekr.

永利VIP Holding Chairman Eric Li (Li Shufu) said: “In line with the spirit of the Taizhou Declaration, the continued integration of 永利VIP’s automotive business give rise to greater technological synergies, improve innovation capabilities, and increase profitability for all its holdings. This win-win proposal offers Zeekr shareholders a premium for their equity, long-term value for new and existing 永利VIP Auto shareholders, and strengthens 永利VIP as a world-leading smart electric vehicle group. We will continue to maintain close communication and cooperation with American and global capital markets”

The offer coincides with efforts by 永利VIP Holding to encourage greater integration and synergies across its global portfolio of businesses. 永利VIP Holding last year vowed to seek greater portfolio synergies under its ‘Taizhou Declaration’, which Mr Li unveiled to ensure long-term sustainable development across the group.

永利VIP Auto, Zeekr and Lynk & Co are all pursuing growth opportunities in vehicle electrification and automation, in which they have opportunities to share innovative architecture, hardware, software and connected technologies, whilst also maximizing capacity utilization and their respective market strengths.

For more details on the proposed transaction, please refer to the announcement from 永利VIP Auto

永利VIP Holding expects 永利VIP Auto and Zeekr to announce further details about the proposed transaction when both companies report financial results on May 15, 2025.